IMT VISLINK RECEIVES $900,000 CONTRACT TO SUPPLY AIRBORNE VIDEO DOWNLINK, TRANSMIT AND RECEIVE SYSTEMS FOR USE BY THE U.S. AIR FORCE
XG TECH (XGTI)
US:NASDAQ Investor Relations:
xgtechnology.com/about-xg-technology/investor-information
Company Research
Source: GlobeNewswire
SARASOTA, FL, Jan. 07, 2019 (GLOBE NEWSWIRE) -- xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), whose brands are recognized as the global leaders in live video communications, today announced that its IMT Vislink business has been awarded a $900,000 order to supply airborne video downlink solutions for use by the U.S. Air Force. The contract calls for the supply of transmit and receive systems, ground-based units designed to display real-time video imagery taken by aerial assets, related component and accessories, and training services. This is a follow-on order to one previously announced on May 23, 2018, and similar to an order IMT Vislink received from the U.S. Army that was announced on November 20, 2017. “IMT Vislink remains a trusted partner to our armed forces, owing to our reliable, high-performance, rapidly deployable video communications systems,” said John Payne, President and COO of IMT Vislink. “Our ability to provide solutions that meet stringent r
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